The End of Active Asset Management?

Eisler Capital is a notably egregious example, but there is no return in seeking return

There must be something in the water. Retail investors simply will not stop. And I feel like I’m at least partially to blame:

I failed in my quest to educate regulators in time to make changes; I also failed in my attempt to educate the public as to the risks. Or maybe they learned the “wrong” lesson — they embraced the nihilism. Here we go again! (Morga…